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Home prices up 11% over 2012, data show

Published: Thursday, April 4, 2013 at 1:00 a.m.

Last Modified: Wednesday, April 3, 2013 at 8:38 p.m.

Home prices across Southwest Florida continued to rise in February, led by a strong demand from seasonal buyers and tight inventory of houses for sale.

Facts

"Continued home price appreciation will provide fuel needed to
drive further recovery in the home purchase market."

– Anand Nallathambi,president and CEO of CoreLogic

In the North Port-Bradenton-Sarasota metropolitan statistical area, home prices increased 10.8 percent in February when compared with the same period last year.

On a month-over-month basis, prices increased a more modest 0.4 percent, according to data released Wednesday by CoreLogic Inc.

Those gains were similar to ones experienced across the country. U.S. home prices jumped 10.2 percent from February 2012 -- the largest annual increase since March 2006 and the 12th consecutive month that home prices have appreciated nationally.

"Home prices continued their march upward in February. Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases and underscoring the ongoing strengthening of market fundamentals," Anand Nallathambi, president and CEO of CoreLogic, said in a statement.

"Continued home price appreciation will provide fuel needed to drive further recovery in the home purchase market," Nallathambi said.

<p>Home prices across Southwest Florida continued to rise in February, led by a strong demand from seasonal buyers and tight inventory of houses for sale.</p><p>In the North Port-Bradenton-Sarasota metropolitan statistical area, home prices increased 10.8 percent in February when compared with the same period last year.</p><p>On a month-over-month basis, prices increased a more modest 0.4 percent, according to data released Wednesday by CoreLogic Inc.</p><p>Those gains were similar to ones experienced across the country. U.S. home prices jumped 10.2 percent from February 2012 -- the largest annual increase since March 2006 and the 12th consecutive month that home prices have appreciated nationally.</p><p>"Home prices continued their march upward in February. Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases and underscoring the ongoing strengthening of market fundamentals," Anand Nallathambi, president and CEO of CoreLogic, said in a statement.</p><p>"Continued home price appreciation will provide fuel needed to drive further recovery in the home purchase market," Nallathambi said.</p>